It's a Seller's Market, so Where Are All the Listings?

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It’s a seller’s market and people are aware that now is a great time to sell their homes, so why aren’t we seeing more listings? There are three distinct reasons.

Lack of inventory. Sellers are wanting to sell their homes, so they go out and look on the MLS for homes to purchase. But they aren’t seeing a lot of options. They don’t want to get stuck and be homeless.

Lending guidelines have tightened up. When sellers are trying to move up, lenders are seeing a higher debt-to-income ratio that may have been left over from the housing crash and they see it as a challenge.

A lot of folks are trying to “time the market.” They want to get a little more equity out of their current home so they want to wait so they have more to bring to the table for their next purchase. The problem with that is both homes are going up in value at the same time, so you’re not really gaining anything by waiting. Additionally, interest rates are also rising which if you wait and they go up, your monthly payment will be larger as well.

How can we navigate through this market without getting stuck? One thing to look at is off-market listings, which are generally comprised of folks who are getting their homes ready for the market. Ask your Realtor for those listings so you can see what’s going to come on the market when you’re ready to sell.

To navigate the market without getting stuck, try looking at off-market listings.

Another option is to look at homes that haven’t been listed on the open MLS. Generally these homeowners want their homes on the market but aren’t open to showings due to certain situations arising, and are only interested in ready, willing, and able buyers. If you’d like access to these listings or are looking for a comprehensive market analysis, give us a call.

If you have any other questions about this topic or you’re looking to buy or sell your home, give us a call or shoot us an email. We’d be happy to help!

About

Do you need to sell your home? Yoder Real Estate is in the top 1% of all Grand Rapids real estate agents because - with our systems - we list or sell a Grand Rapids home every 48 hours. In fact, we GUARANTEE your home will sell in 59 days or we'll buy it. Your home will be syndicated to over 383 partner sites, with relentless radio promotion on 106.9FM & 1300AM WOOD to sell it for the most money possible. On average, our listings sell for 98.6% of listing price - much higher than your traditional real estate agent - because we attract more home buyers to your listing than any other Grand Rapids real estate agent, outperforming 99% of all other Grand Rapids real estate agents.

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Client Testimonials

Brandy - "After my previous experience with my other Realtor, I liked that I could do away with the contract and just work day to day. Kevin always followed up and he always let us know what was happening with the house. He actually does what he says he’ll do and the communication was wonderful. I would highly recommend him and we would definitely use him again!"

Angel - "We had a pretty awesome experience. The stager came out and told us what to do to the house from putting an extra coat of paint on to suggesting we store some of our stuff offsite to make it look presentable. I think that really helped out a lot especially since the first day it was on the market, someone came through the house."

Deb -"They were responsive and on top of things throughout the entire process. They are an extremely professional organization, and we were very pleased in working with them."